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Article: Gold Reserve Appoints Mandated Lead Arrangers for the Brisas Project Debt Financing.
- Article from:
- Business Wire
- Article date:
- November 7, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SPOKANE, Wash. -- Gold Reserve Inc. (TSX:GRZ) (AMEX:GRZ) has appointed CorporaciE[thorn]n Andina de Fomento (CAF), Export Development Canada (EDC), UniCredit Group (HVB) and WestLB AG (WestLB) of Germany as Mandated Lead Arrangers (MLA's) to arrange up to US $425 million of project debt for the Brisas gold/copper project located in southeast Venezuela.
Doug Belanger, President of Gold Reserve, stated, "We are very pleased to be working with the appointed MLA's, each of whom bring extensive experience in mining and structured finance. This is a very important milestone in achieving our corporate objective of placing the Brisas project into production."
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